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Is 3M a Great Buy After Stock Bounce?

Shares of 3M popped after earnings, but there may not be as much good news ahead.

By Travis Hoium – Jul 31, 2024 at 10:32AM EST

3M (MMM 0.84%) finally had a good quarter in Q2, and investors are rewarding the stock. But is there hope 3M can push growth beyond the low single digits? Travis Hoium answers that question in this video.

*Stock prices used were end-of-day prices of July 29, 2024. The video was published on July 29, 2024.

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About the Author

Travis Hoium
Travis Hoium is a contributing Motley Fool stock market analyst covering solar energy, technology, and growth stocks. Before The Motley Fool, Travis was a mechanical engineer at 3M and founded a virtual reality company. He holds a bachelor’s degree in mechanical engineering and a master’s degree in business administration from the University of Minnesota.
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Travis Hoium has no position in any of the stocks mentioned. The Motley Fool recommends 3M. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.

Stocks Mentioned

3M Stock Quote
3M
NYSE: MMM
$164.78
(-0.84%)-$1.39

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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